Expressions of interest for Italy's Sorgenia expected by May 6: source

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MILAN (Reuters) - Potential bidders for Italian energy company Sorgenia are expected to submit their expressions of interest by May 6, a source familiar with the matter told Reuters on Monday.

Sorgenia, once controlled by Italy’s De Benedetti family, is owned by a series of Italian banks, including top lenders UniCredit, Intesa Sanpaolo and Banco BPM, which took over after a debt restructuring.

“We are in a preliminary phase, during which we will evaluate the interest and decide whether to start a concrete sale process or not,” the source added.

A separate source told Reuters earlier this month that the banks were ready to sell their stakes, but not at any price.